Reliance, Inc. (NYSE:RS) Receives Consensus Recommendation of “Hold” from Brokerages

Reliance, Inc. (NYSE:RS) has been assigned a consensus rating of “Hold” from the six brokerages that are currently covering the company, MarketBeat.com reports. Five investment analysts have rated the stock with a hold recommendation and one has given a buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $328.50.

A number of research firms have commented on RS. KeyCorp started coverage on shares of Reliance in a report on Wednesday, March 25th. They set an “overweight” rating and a $341.00 price target on the stock. Weiss Ratings restated a “hold (c)” rating on shares of Reliance in a research report on Monday, December 29th. Wall Street Zen cut shares of Reliance from a “buy” rating to a “hold” rating in a research note on Sunday, March 1st. Zacks Research raised shares of Reliance from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Finally, Wells Fargo & Company raised their price target on Reliance from $315.00 to $323.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd.

Reliance Price Performance

NYSE RS opened at $300.84 on Thursday. The company has a market capitalization of $15.56 billion, a PE ratio of 21.53, a price-to-earnings-growth ratio of 1.13 and a beta of 0.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 2.30 and a current ratio of 4.88. The business’s fifty day moving average is $320.45 and its 200 day moving average is $297.68. Reliance has a fifty-two week low of $250.07 and a fifty-two week high of $365.59.

Reliance (NYSE:RS) last issued its quarterly earnings results on Wednesday, February 18th. The industrial products company reported $2.40 EPS for the quarter, missing analysts’ consensus estimates of $2.80 by ($0.40). Reliance had a return on equity of 10.45% and a net margin of 5.17%.The company had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.45 billion. During the same quarter in the previous year, the company earned $2.22 EPS. The business’s quarterly revenue was up 11.9% compared to the same quarter last year. Reliance has set its Q1 2026 guidance at 4.500-4.70 EPS. Sell-side analysts predict that Reliance will post 16.98 earnings per share for the current year.

Reliance Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 20th. Investors of record on Friday, March 6th were paid a dividend of $1.25 per share. This is a boost from Reliance’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend was Friday, March 6th. This represents a $5.00 annualized dividend and a yield of 1.7%. Reliance’s dividend payout ratio is 35.79%.

Insider Buying and Selling

In other Reliance news, SVP William A. Smith II sold 6,615 shares of the company’s stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $298.61, for a total value of $1,975,305.15. Following the completion of the transaction, the senior vice president directly owned 21,747 shares in the company, valued at $6,493,871.67. This represents a 23.32% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Stephen Paul Koch sold 24,060 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $321.62, for a total transaction of $7,738,177.20. Following the sale, the chief operating officer directly owned 14,021 shares of the company’s stock, valued at approximately $4,509,434.02. This trade represents a 63.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.35% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Reliance

Several institutional investors have recently bought and sold shares of RS. Elevation Wealth Partners LLC bought a new position in shares of Reliance during the 4th quarter valued at about $28,000. Brown Brothers Harriman & Co. increased its holdings in shares of Reliance by 86.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 108 shares of the industrial products company’s stock worth $31,000 after purchasing an additional 50 shares during the last quarter. Greenline Wealth Management LLC bought a new stake in shares of Reliance in the fourth quarter worth about $32,000. Quarry LP purchased a new stake in shares of Reliance in the third quarter worth about $32,000. Finally, Parkside Financial Bank & Trust boosted its stake in Reliance by 87.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 118 shares of the industrial products company’s stock valued at $34,000 after buying an additional 55 shares during the last quarter. 79.26% of the stock is owned by hedge funds and other institutional investors.

About Reliance

Reliance Steel & Aluminum Co (NYSE: RS) is a leading metals service center company that distributes and processes a broad array of metal products. The company offers cut-to-length, shearing, blanking, sawing, bending, machining and value-added services for carbon and alloy steel, stainless steel, aluminum, brass, titanium and specialty metal alloys. Its products serve diverse end markets, including energy, infrastructure, general manufacturing, transportation, aerospace and defense.

Founded in 1939 in Los Angeles, Reliance Steel & Aluminum has grown through a combination of organic expansion and strategic acquisitions.